In today's post we're going to take a look at future potential prices for XRPUSD / XRPUSDT. Things are going to get very technical as this will require a lot of math - we're not just guessing or making up numbers here, and I want to prove this to you by taking you through the process of future speculation step by step. Things we'll be considering includes:
👉 XRPUSD LOWS and HIGHS for a specific period* 👉 BTCUSDT LOWS and HIGHS for a specific period* 👉 XRPUSD increase for a specific period* 👉 XRPBTC increase for a specific period*
*the time period we're looking at will be THE SAME across XRPUSD, BTCUSD and XRPBTC. This period is the weekly timeframe starting from Mon 4 DEC 2017 until Mon 1 JAN 2018. We'll be using Bitstamp USD charts to make sure the price percentages are related.
Let's start by taking a look at the XRPUSD highs and lows during this period:
THUS, During the weeks of 4 DEC 2017 - 1 JAN 2018, the price of XRP increased from &0.19776 to $3.33063 . This results in an XRPUSD increase of 1585.41% exactly.
During this time, the XRPBTC price went parabolic. Let's look at it here: I had to cross check it on BITFINEX BITFINEX:XRPBTC , because the lows on Bitstamp seems bugged, (def not 0.000001) :
THUS the XRPBTC price increased by 1823.15% exactly.
NOW, Let's look at the BTCUSD prices during that period. Again looking at the weekly candle closes. (Please ignore the other numbers on the chart, that was part of another analysis, we're just looking at the candle lows and highs here):
THUS: The BTCUSD price was $10850 when XRP was on $0.19776, MON 4 DEC 2017. The BTCUSD price was $17235 as XRP was on $3.33063, MON 1 JAN 2018.
To make sure we're still on the same page, the parabolic jump on XRP happened between the weeks of Mon 4 DEC 2017 and peaked on Mon 1 JAN 2018.
AND FINALLY, we're heading towards the calculation. We want to know, what could the price of XRPUSD be in the future if such an event were to occur again, where XRP gains against BTC like it did during Dec 2017 - Jan 2018. We can use multiple entry prices for BTC and XRP, but let's start with BTCUSD on FWB:25K and XRPUSD on 40c (slightly lower than recent prices) :
🔰🔰🔰 Current BTCUSD price: $25,000 Current XRPUSD price: $0.40
XRPUSD gain: 25865% XRPBTC gain: 1823.15%
To calculate the future potential price of XRPUSD:
Calculate the future price of XRPBTC: XRPBTC future price = XRPBTC HIGH * (1 + XRPBTC gain) = 0.00002298 * (1 + 1823.15%) = 0.00002298 * 19.2315 = 0.00044187 BTC
THUS, if a similar scenario were to happen again with BTC at $25,000 and XRP at $0.40, the potential future price for XRPUSD would be approximately $11.04675. 🔰🔰🔰
SCENARIO B, JUST AS EXAMPLE : Let's use different current prices for BTCUSD and XRPUSD: We'll take a look at the prices for XRP and BTC when BTC made it's ATH of SWB:69K :
🔰🔰🔰 Current BTCUSD price: $69,000 Current XRPUSD price: $1.23079
XRPUSD gain: 25865% XRPBTC gain: 1823.15%
Calculate the future price of XRPBTC: XRPBTC future price = XRPBTC HIGH * (1 + XRPBTC gain) = 0.00002298 * (1 + 1823.15%) = 0.00002298 * 19.2315 = 0.00044187 BTC
THUS, if a similar scenario were to happen again with BTC at $69,000 and XRP at $1.23079, the potential future price for XRPUSD would be approximately $30.41303. 🔰🔰🔰
💭FINAL THOUGHTS💭 I'm using the cover Fibonacci Retracement from a macro perspective (ATH till ATL) to just look at the Fib Extensions for interest sake and to see if anything overlaps. Notice how $11 is at the 3.618 EXACTLY. This is the kind of confirmations that holds weight, considering how valuable the .618's are when looking at Fibs. It's important to note that I'm not saying this is going to happen overnight. I'm not saying rush in and buy now. As you all know, I believe in the fundamental arguments for XRP altcoin, I've made many many videos about it in the past which you can go look up. This is simply using past occurrences to speculate a future potential outcome in a way that holds much more weight than just guessing - by using actual data from past occurrences.
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The overnight bullish price action on XRP is likely due to the endorsement and congratulation from Nasdaq to Ripple.
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To clarify, I AM NOT putting a date on this - from the previous example we used, this price action happened over 3 weeks. But by no means am I going to try predicting in WHICH month that could be happening again. (just be ready, for whenever that may be).
@CryptoCheck-, but tbh, reaching 11$ will take a lot of time in my opinion. It's likely but it won't happen any time soon imo
ThumbSkin
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@vf_investment, no one can predict time so why bother. The important move is to accumulate at the right levels and sell when it goes higher. When. Is completelyy irrelevant